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Previous: GREEN TREE FINANCIAL CORP, 8-K, 1998-09-21 |
Next: GREEN TREE FINANCIAL CORP, 8-K, 1998-09-21 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): SEPTEMBER 15, 1998
GREEN TREE SECURITIZED NET INTEREST MARGIN TRUST 1995-A
-------------------------------------------------------
(Exact name of registrant as specified in its charter)
MINNESOTA 33-53527 41-1815020
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS employer
of incorporation) file numbers) identification no.)
1100 LANDMARK TOWERS, 345 ST. PETER STREET, SAINT PAUL, MINNESOTA 55102-1639
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (612) 293-3400
NOT APPLICABLE
--------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE>
ITEM 5. OTHER EVENTS.
Pursuant to the Pooling and Servicing Agreement between Green
Tree Financial Corporation (the "Servicer") and First Bank
National Association (the "Trustee"), on September 15, 1998,
the Trustee made distributions to the holders of the
certificates representing interests in the Trust (the
"Certificateholders") and delivered to the Certificateholders
the Monthly Report required by Section 1.01 of the Servicing
Agreement attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
The following is filed herewith. The exhibit number
corresponds with Item 601(b) of Regulation S-K.
Exhibit No. Description
----------- -----------
99.1 Monthly Report delivered to
Certificateholders on
September 15, 1998.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated:September 15, 1998
SECUTIZED NET INTEREST MARGIN
TRUST 1995-A
By GREEN TREE FINANCIAL CORPORATION
as Servicer with respect to the Trust
By: /s/Phyllis A. Knight
--------------------
Phyllis A. Knight
Senior Vice President and Treasurer
<PAGE>
INDEX TO EXHIBITS
EXHIBIT
NUMBER PAGE
- ------ ----
99.1 Monthly Report delivered to Certificateholders 5
on September 15, 1998.
<PAGE>
GREEN TREE FINANCIAL CORP.
NET INTEREST MARGIN TRUST 1995-A
AUGUST, 1998
PAYMENT: SEPTEMBER 15, 1998
7.25% SECURITIZED NET INTEREST MARGIN CERTIFICATES
CUSIP # 393534AC6
--------------
TRUST ACCOUNT # 33-34309-0
--------------
DISTRIBUTION DATE: Sept. 15, 1998
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<TABLE>
<CAPTION>
PER $1,000
SECURITIZED NET INTEREST MARGIN CERTIFICATES ORIGINAL
- -------------------------------------------- -------------
<S> <C> <C>
1. Amount Available 1,259,483.45
---------------
Interest
2. Aggregate Interest 1,040,571.66 3.37847942
--------------- -------------
3. Amount Applied to:
(a) accrued but unpaid Interest
4. Remaining:
(a) accrued but unpaid Interest
5. Monthly Interest 1,040,571.66
---------------
Principal
6. Current month's principal distribution 218,911.79 0.71075256
--------------- -------------
7. Remaining outstanding principal balance 172,013,638.49 558.4858393
--------------- -------------
Pool Factor 0.55848584
---------------
8. Present value of the projected remaining
aggregate cashflows of the Finance I Assets
and the Residual Assets, as of the
immediately preceding Distribution Date 498,166,456.96**
---------------
9. Aggregate amount on deposit in Reserve Fund 7,500,000.00
---------------
10. Subordinated Certificateholder payment (interest
earnings on Reserve Fund, pursuant to Section 5.8) 32,836.74
---------------
11. Aggregate principal balance of loans
refinanced by Green Tree Financial 7,517,683.00
---------------
12. Weighted average CPR 16.05%
---------------
13. Weighted average CDR 4.22%
---------------
14. Annualized net loss percentage 2.33%
---------------
15. Delinquency 30-59 day 1.49%
---------------
60-89 day 0.57%
---------------
90+ day 0.93%
---------------
Total 30+ 2.99%
---------------
</TABLE>
First Trust N. A. Paying Agent/Bondholder Relations (612) 973-5800
**Represents present value of assets for NIM 94-A, 94-B, & 95-A, after
cross-collateralization, as of 8/15/98.
<PAGE>
GREEN TREE FINANCIAL
NET INTEREST MARGIN TRUST 1995-A
AUGUST, 1998
PAYMENT: SEPTEMBER 15, 1998
FEE ASSETS
--------------------------------------------
GUARANTEE INSIDE FEE ASSET
FEES REFI TOTAL
--------------------------------------------
GTFC 1994-5 0.00 65,029.33 65,029.33
GTFC 1994-6 40,676.45 49,474.04 90,150.49
GTFC 1994-7 10,175.38 20,584.74 30,760.12
GTFC 1994-8 0.00 67,310.97 67,310.97
GTFC 1995-1 0.00 46,482.91 46,482.91
GTFC 1995-2 0.00 0.00 0.00
GTFC 1995-3 7,124.85 145,300.43 152,425.28
GTFC 1995-4 0.00 69,120.71 69,120.71
GTFC 1995-5 0.00 0.00 0.00
--------------------------------------------
57,976.68 463,303.13 521,279.81
TOTAL AMOUNT OF GUARANTEE FEES AND
INSIDE REFINANCE PAYMENTS 521,279.81
-----------------
SUBORDINATED SERVICING FEES 530,526.81
-----------------
PAYMENT ON FINANCE 1 NOTE 1,051,806.62
-----------------
ALLOCABLE TO INTEREST (CURRENT) 763,384.43
-----------------
ALLOCABLE TO ACCRUED BUT UNPAID INTEREST 0.00
-----------------
ACCRUED AND UNPAID TRUSTEE FEES 0.00
-----------------
ALLOCABLE TO PRINCIPAL 288,422.19
-----------------
FINANCE 1 NOTE PRINCIPAL BALANCE 126,064,862.28
-----------------
<PAGE>
GREEN TREE FINANCIAL
NET INTEREST MARGIN TRUST 1995-A
AUGUST, 1998
PAYMENT: SEPTEMBER 15, 1998
INSIDE
RESIDUAL REFI TOTAL
-------------------------------------------------------
GTFC 1994-5 0.00 0.00 0.00
GTFC 1994-6 0.00 0.00 0.00
GTFC 1994-7 0.00 0.00 0.00
GTFC 1994-8 0.00 0.00 0.00
GTFC 1995-1 0.00 0.00 0.00
GTFC 1995-2 0.00 73,153.66 73,153.66
GTFC 1995-3 0.00 0.00 0.00
GTFC 1995-4 0.00 0.00 0.00
GTFC 1995-5 0.00 134,523.17 134,523.17
-------------------------------------------------------
0.00 207,676.83 207,676.83
TOTAL RESIDUAL AND INSIDE
REFINANCE PAYMENTS 207,676.83
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